EU plans to pivot from Russian gas
Switch to renewables and hydrogen aims to displace demand for Russian gas well before 2030
The European Commission has proposed a plan to make Europe independent from Russian fossil fuels well before 2030 as a response to Moscow’s decision to invade Ukraine. Russia provided around 45pc of EU gas imports in 2021. The plan—known as RepowerEU—will seek to diversify gas supplies, speed up the rollout of renewable gases such as green hydrogen and replace gas in heating and power generation. The Commission believes it can reduce EU demand for Russian gas by two-thirds before the end of the year. “The quicker we switch to renewables and hydrogen, combined with more energy efficiency, the quicker we will be truly independent and master our energy system,” says European Commission presiden
Also in this section
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation